The Board of Directors of FFB is pleased to announce that its wholly-owned subsidiary, Favelle Favco Cranes (M) Sdn Bhd and Favelle Favco Cranes Pty Ltd had received the following purchase orders or Letter of Intent ("Contracts") respectively in the month of August 2014 and up to the date of announcement:-

Contracts secured by

Customer

Brief description of the Contracts

Duration of the Contracts

Favelle Favco Cranes (M) Sdn Bhd

China Merchants Heavy Industry (Jiangsu) Co Ltd

Supply of Offshore Crane

which is expected to be delivered from second quarter of 2015 to end of 2015

The above Contracts are expected to contribute positively to the earnings and net assets of FFB for the financial year ending 31 December 2014 and beyond. The Contracts do not have any impact on the share capital and shareholding structure of FFB.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the above Contracts.

DIRECTORS' STATEMENT

The Board of Directors of FFB is of the opinion that the acceptance of the above Contracts are in the best interest of FFB.